S.1861: Taxpayer Protection and Responsible Resolution Act

About This Bill

  • Introduced Dec. 19, 2013
  • Latest Major Action Dec. 19, 2013

Bill Summary

Taxpayer Protection and Responsible Resolution Act - Amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to repeal Title II (Orderly Liquidation Authority), governing the bankruptcy of financial institutions. Makes conforming amendments to the Federal Deposit Insurance Act and the Federal Reserve Act. Amends federal bankruptcy law to add "Chapter 14 - Liquidation, Reorganization, or Recapitalization of A Covered Financial...

(Source: Library of Congress)

Bill Actions

Date Description
Dec. 19, 2013
Read twice and referred to the Committee on the Judiciary.
Dec. 19, 2013

Introduced in the Senate by John Cornyn (R-Texas)

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